By Iowa State University Extension and Outreach
MUSCATINE, Iowa– Commodity prices are at record levels and landowners are wondering what a fair rental rate should be for the coming 2022 crop year. However, determining a fair cash rental rate for 2022 could prove challenging as tenant operators face uncertainty of farm profitability due to drought and other market factors.
Muscatine County Extension and Outreach will host a meeting on Monday, Aug. 2, beginning at 1:00 p.m. at the Muscatine County Extension office at 1601 Plaza Place in Muscatine. The meeting will last approximately two and a half hours and will be facilitated by Ryan Drollette, farm and agriculture business management specialist with ISU Extension and Outreach.
Emphasis will be placed on the results of surveys recently released on the recent Iowa Cash Rental Rates and Iowa Land Values, understanding flexible cash farm lease arrangements, and legal aspects affecting farmland leasing and ownership. Participants will increase their understanding of challenges with projections of 2021 crop supply/demand and cash prices outlook. The meeting will focus on various methods to determine a fair 2022 cash rental rate and the importance of good tenant/landlord communications.
Pre-registration is required at least two days before the meeting and a $25 per individual fee is payable at the door. Participants will receive a 100-page booklet and meeting handouts designed to assist landowners, tenants, and other agri-business professionals with issues related to farmland ownership, management, and leasing arrangements.
Contact the Muscatine County Extension office at 563-263-5701 with your questions or to pre-register on or before July 30. For a list of meetings statewide, check the Ag Decision Maker website for a meeting near you.
Leasing meetings being held across Iowa are facilitated by farm management specialists with ISU Extension and Outreach.